If you owe money, and most Americans do, you’re probably being harassed by calls from creditors. They call at odd hours of the day, hoping to trick you into answering the phone, and make it so that whenever your phone rings, you have a moment of dread when you see a number you don’t recognize. That’s really only the start of the problems, too. Creditors can repossess your property, garnish your wages, and more. There’s more to consider than just physical harassment, though. The stress of constantly living in fear of creditors can have emotional damages, too: anxiety, depression, and…

If you owe money, and most Americans do, you’re probably being harassed by calls from creditors. They call at odd hours of the day, hoping to trick you into answering the phone, and make it so that whenever your phone rings, you have a moment of dread when you see a number you don’t recognize. That’s really only the start of the problems, too. Creditors can repossess your property, garnish your wages, and more. There’s more to consider than just physical harassment, though. The stress of constantly living in fear of creditors can have emotional damages, too: anxiety, depression, and…

It may seem a bit opportunistic, perhaps even heartless, but there are plenty of companies that look for people who are struggling with debt and try to exploit them for profit. While this is not true of all credit counseling companies, it is very important to do your research before signing up for one of these programs. In many cases, people end up with much worse credit after working with a so-called "credit repair" company than they would if they used a different approach. If you think you need help to stabilize your finances, take the time to do some…

Few people can say they've never had an issue with their credit report, even if it was not their fault; but bankruptcy brings a whole new set of issues to your standing with the credit bureaus. Whether you filed a few weeks ago or a few years ago, it will be challenging to recover a stellar credit score for at least seven years. But what about the millions of Americans who were impacted by the financial fallout of a foreclosure, job loss, or divorce? Is there something that can be done to keep a decent credit report, even right after…

Imagine a credit card that charged a 36 percent APR, slapped you with a fee when your credit limit increased and cost you $400 a year just to own -- yet, the company tells you they're doing you a favor. It's a reality. Our Colorado Springs bankruptcy attorneys know that credit cards with predatory lending practices are one of the main reasons so many people get embroiled in debt. We previously discussed how many people are choosing to avoid using credit cards in order to avoid having to seek debt relief or file for a Colorado Springs bankruptcy. This card…

Our Southern Colorado Chapter 7 bankruptcy attorneys know that credit card companies have long targeted the college student demographic because of their overall impulsiveness and lack of experience. But their tactics are becoming increasingly savvy. Today, nearly 900 universities and colleges have partnerships with credit card companies and financial firms. These are extremely profitable to all entities involved. The ones who lose out are the students. The gimmicks are shameless. Some involve students receiving free t-shirts or gift cards "just to sign up." But as we all now, those "gifts" cost a great deal more than what students are bargaining…

The U.S. Federal Reserve has reported that consumer credit overall has bounced back in August, following a sharp decline a month earlier. Southern Colorado bankruptcy attorneys know this means more people are feeling comfortable with taking on more credit card debt. This can be viewed as a positive thing in terms of our overall economy, but it can also quickly launch a downward spiral, particularly if an individual is hit with an unforeseen financial crisis, such as a lay-off or major illness. A Chapter 7 bankruptcy in Denver is one way these individuals can find relief. The proceeding allows you…